Australia's Reserve Bank Governor is apologizing for not being clear enough with when interest rates would move.

As late as November last year, Governor Philip Lowe said the bank was likely to hold the OCR steady, at record lows.

HSBC Chief Economist Paul Bloxham explained how this communication error may have happened.

LISTEN ABOVE

Australia's Reserve Bank Governor is apologizing for not being clear enough with when interest rates would move.
As late as November last year, Governor Philip Lowe said the bank was likely to hold the OCR steady, at record lows.
HSBC Chief Economist Paul Bloxham explained how this communication error may have happened.
LISTEN ABOVE

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